ifo Business Climate Index has Declined

They can describe their situation as “good,” “satisfactory,” or “poor” and their business expectations for the next six months as “more favorable,” “unchanged,” or “less favorable.” The balance value of the current business situation is the difference in the percentage shares of the responses “good” and “poor”; the balance value of expectations is the difference in the percentage shares of the res. [...] To calculate the index values, the transformed balances are all normalized to the average for the year 2015. [...] © ifo Institute The ifo Business Cycle Clock shows the cyclical relationship between the current business situation and business expectations in a four-quadrant diagram. [...] © ifo Institute The ifo Business Uncertainty measures how difficult it is for managers to predict the development of their company’s business situation over the next six months. [...] © ifo Institute The ifo Heatmap is a compact summary of the ifo Business Cycle Clock for the individual sectors of the German economy.